Dutch Bros Inc. (NYSE:BROS) Major Shareholder Sells $13,824,956.93 in Stock

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the completion of the sale, the insider now owns 2,310,834 shares of the company’s stock, valued at approximately $175,415,408.94. This trade represents a 7.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Dm Individual Aggregator, Llc also recently made the following trade(s):

• On Monday, February 24th, Dm Individual Aggregator, Llc sold 262,537 shares of Dutch Bros stock. The stock was sold at an average price of $74.77, for a total transaction of $19,629,891.49.
• On Friday, February 21st, Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock. The stock was sold at an average price of $77.73, for a total transaction of $22,674,385.11.

Dutch Bros Stock Up 3.4 %

BROS stock opened at $79.19 on Friday. The stock has a market capitalization of $12.21 billion, a P/E ratio of 232.93, a P/E/G ratio of 4.23 and a beta of 2.73. The firm has a 50-day simple moving average of $64.12 and a 200-day simple moving average of $47.86. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a 52 week low of $26.85 and a 52 week high of $86.88.

Institutional Trading of Dutch Bros

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Dutch Bros by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company’s stock worth $533,465,000 after purchasing an additional 153,070 shares in the last quarter. Baillie Gifford & Co. purchased a new stake in Dutch Bros during the 3rd quarter valued at about $224,461,000. FMR LLC grew its stake in Dutch Bros by 98.1% during the 4th quarter. FMR LLC now owns 6,516,479 shares of the company’s stock valued at $341,333,000 after acquiring an additional 3,227,435 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in Dutch Bros by 14.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company’s stock valued at $268,095,000 after acquiring an additional 627,875 shares in the last quarter. Finally, Wasatch Advisors LP grew its stake in Dutch Bros by 232.1% during the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after acquiring an additional 2,885,306 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Wall Street Analyst Weigh In

BROS has been the subject of several research reports. Piper Sandler lifted their price objective on shares of Dutch Bros from $51.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Robert W. Baird boosted their target price on shares of Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. UBS Group boosted their target price on shares of Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, Barclays upgraded shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $38.00 to $70.00 in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $75.75.

About Dutch Bros

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.